Common use of Interest on Rent and Other Charges Clause in Contracts

Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease shall, if not paid within ten (10) days after it is due, bear interest at the Interest Rate from the due date until paid. In addition, if Tenant fails to make any rent or other payment required by this Lease to be paid to Landlord within ten (10) days after it is due, Landlord shall impose a late charge of five cents ($.05) per dollar of the overdue payment to reimburse Landlord for the costs of collecting the overdue payment. Tenant shall pay the late charge upon demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's default, and collection of a late charge shall not waive the breach caused by the late payment.

Appears in 8 contracts

Samples: Western Power & Equipment Corp, Western Power & Equipment Corp, Western Power & Equipment Corp

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Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease shalllease will, if not paid within ten (10) 15 days after it is due, bear interest at the Interest Rate rate of 12 percent per annum (but not in any event at a rate greater than the maximum rate of interest permitted by law) from the due date until paid. In addition, if Tenant fails to make any rent or other payment required by this Lease lease to be paid to Landlord within ten (10) five days after it is due, Landlord shall may elect to impose a late charge of five cents ($.05) per dollar of the overdue payment to reimburse Landlord for the costs of collecting the overdue payment. Tenant shall will pay the late charge upon demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's default, and collection of a late charge shall will not waive the breach caused by the late payment.

Appears in 1 contract

Samples: Commercial Lease

Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease lease shall, if not paid within ten (10) 10 days after it is due, bear interest at the Interest Rate rate of 10% per annum (but not in any event at a rate greater than the maximum rate of interest permitted by law) from the due date until paid. In addition, if Tenant fails to make any rent or other payment required by this Lease lease to be paid to Landlord within ten (10) five days after it is due, Landlord shall may elect to impose a late charge change of five cents ($.05) per dollar of the overdue payment to reimburse Landlord for the costs of collecting the overdue payment. Tenant shall pay the late charge upon demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's Tenants default, and collection of a late charge shall not waive the breach Breach caused by the late payment.

Appears in 1 contract

Samples: Commercial Lease (Yocream International Inc)

Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease lease shall, if not paid within ten (10) days after it is due, bear interest at the Interest Rate rate of 9% per annum (but not in any event at a rate greater than the maximum rate of interest permitted by law) from the due date until paid. In addition, if Tenant fails to make any rent or other payment required by this Lease lease to be paid to Landlord within ten (10) five days after it is due, Landlord shall may elect to impose a late charge of five cents ($.05) per dollar of the overdue payment to reimburse Landlord for the costs of collecting the overdue payment. Tenant shall pay the late charge upon demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's default, and collection of a late charge shall not waive the breach caused by the late payment.

Appears in 1 contract

Samples: Commercial Lease

Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease lease shall, if not paid within ten (10) days after it is due, bear interest at the Interest Rate rate of 12% per annum (but not in any event at a rate greater than the maximum rate of interest permitted by law) from the due date until paid. In addition, if Tenant tenant fails to make any rent or other payment required by this Lease lease to be paid to Landlord landlord within ten (10) five days after it is due, Landlord shall landlord may elect to impose a late charge of five (5) cents ($.05) per dollar of the overdue payment to reimburse Landlord for the costs of collecting the overdue payment. Tenant shall pay the late charge upon demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's default, and collection of a late charge shall not waive the breach caused by the late payment.

Appears in 1 contract

Samples: Commercial Lease (Phoenix Gold International Inc)

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Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease shall, if not paid within ten (10) days after it is due, bear interest at the Interest Rate rate of eighteen percent (18%) per annum (but not in any event at a rate greater than the maximum rate of interest permitted by law) from the due date until paid. In addition, if Tenant fails to make any rent or other payment required by this Lease to be paid to Landlord within ten five (105) days after it is due, Landlord shall may elect to impose a late charge of five cents ($.05) per dollar of the overdue payment to reimburse remorse Landlord for the costs of collecting the overdue payment. Tenant shall pay the late charge upon demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's ’s default, and collection of a late charge shall not waive the breach reach caused by the late payment.

Appears in 1 contract

Samples: Lease

Interest on Rent and Other Charges. Any rent or other payment required of Tenant by this Lease lease shall, if not paid within ten (10) 10 days after it is due, bear interest at the Interest Rate rate of 12% per annum (but not in any event at a rate greater than the maximum rate of interest permitted by law) from the due date until paid. In addition, if Tenant fails to make any rent or other payment required by this Lease lease to be paid to Landlord within ten (10) five days after it is due, Landlord shall may elect to impose a late charge of five cents ($.05) per dollar of the overdue payment to reimburse Landlord for the costs of collecting the overdue payment. Tenant shall pay the late charge upon on demand by Landlord. Landlord may levy and collect a late charge in addition to all other remedies available for Tenant's ’s default, and collection of a late charge shall not waive the breach caused by the late payment.

Appears in 1 contract

Samples: Commercial Lease (Redhook Ale Brewery Inc)

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